PROBLEM OF SMALL SCALE INDUSTRIES IN ENUGU (A CASE STUDY OF FAMILY JOY PRODUCT)

PROBLEM OF SMALL SCALE INDUSTRIES IN ENUGU (A CASE STUDY OF FAMILY JOY PRODUCT)

ABSTRACT

This study. The problem of small sickle Industries in Enugu state. This is an attempt to present the framework which will help the enter pries and the mode and the need for financing them and the special problems those inhering may face with Inadequate financing and assistance.

In terms of organization, this work is divided into three chapters. Chapter one is the introduction and analysis including the background of the study statement problems.

Chapter two deals with Literature review relevant on the subjects writhen by fellow students, well respected authors and opinion on the related journals and newspaper.

Chapter Three form the conclusion Data collected were presented, analyzed and interpreted, Recommendation and suggestion for further research.

CHAPTER ONE

1.0       INTRODUCTION

1.1.        Background of the sub- matter

The word Industry has several different meaning. Sometimes

We speak of Industry as referring only to the manifesting of goods and thus being different from aquaculture and trade.

The term Industry is also used to refer to certain types of Inductile activates in the sense that an Industry is taken to mean a group of enterprise for Industry, the automobile Industry, the banking Industry, textile Industry and so on, Each Industry is based on Lab our specialization Individuals who are experts in particular fields strives towards Improved skill and efficiency in providing particular goods and seines. But in this research, Industry will be treated in the broadest sense including all the activates which provide us with the things we want and need, that is agriculture. Trade, mining, banking, semi- manufactory, transportation,

Commune action and building.

Industries may be classified in different ways depending on the purpose for which they are Intended for Instance their closeness to the national resources or raw material out of goods are to be produced.

However, in the research Industry are classified into the three small medium and large scale Industries. This classification varies from country to. Even within a country there is no hard and fast rule for hence each country could classify industries to meet the objective being paused.

Many definitions have been given a small-scale industry. These we optically examined later that small scale is retentive concept because what is small in a particular situation many not be considered small inn different situation as regards larges scale enterprise. However, small and medium scale enterprise are expected to play a vital role in Nigerian Industrial development and the industrial sector based on the capital strength and degree of the industry.

In Nigeria much emphasis has been placed on small scale industries, a key to industrialization of the country. In this regard, the federal government has been in forefront by promoting the industry by granting them lots of incentives as stated below.

Government always gives allocation to some small scale industries which hence been established in contain areas for example the 2^nd National Development plan for 1970-1974 and so on. In order to develop their countries which provide extension services in terms of technological advice to the small scale industries in their area of jurisdiction.

In 1984, the central Bank of Nigeria issued directive to the commercial Banks to reserve a mums of 16% for their loan, packages for the small scale industries. Defaulters were punished. There and other commendable moves have been made to ensure the sustained growth of small scale enterprise in the country.

PROBLEM OF SMALL SCALE INDUSTRIES IN ENUGU (A CASE STUDY OF FAMILY JOY PRODUCT)